According to Stratistics MRC, the Global Coal Handling Equipment market is expected to grow at a CAGR of 9.6% over the forecast period 2015 to 2022

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Summary

The initial process of power generation starts from handling & transportation of coal from plant site to furnace, coal handling equipment is the reason behind completion of process. The coal, being the dominant source of energy, is the major factor behind the market growth.

However, huge technological inheritance and increasing demand for coal efficiency are the factors providing added advantage to market growth. The renewable sources and energy and strict government emission regulations are the major problems inhibiting the market.

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Conventional handling equipment segment is expected to dominate the market type, owing to stagnant demand for power generation in forthcoming years. Asia Pacific is estimated to be the largest market owing to its demand for power generation coupled with the abundance availability of coal.

Emerging economies such as India & China are estimated to witness a brisk demand as coal accumulates for major source.

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